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Bullboard - Stock Discussion Forum Azincourt Energy Corp AZURF


Primary Symbol: V.AAZ

Azincourt Energy Corp. is a Canada-based resource exploration and development company focused on the alternative fuels/alternative energy sector. The Company’s core projects are in the clean energy space, with uranium exploration projects in the prolific Athabasca Basin, Saskatchewan, Canada, and lithium/uranium projects on the Picotani Plateau, Peru. Its projects include the East Preston... see more

TSXV:AAZ - Post Discussion

Azincourt Energy Corp > Uranium prices soar
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Post by EagleHasLanded on Jul 10, 2024 8:12pm

Uranium prices soar

Uranium mining stocks soared on Wednesday after a surprise hike in extraction taxes in Kazakhstan, the world’s largest uranium-producing country, which BMO Capital Markets said will limit future supply growth.

As Interfax first reported, the government in Kazakhstan introduced a new Mineral Extraction Tax (MET) for uranium, replacing the existing 6% flat rate MET introduced in 2023.

https://www.zerohedge.com/markets/uranium-stocks-soar-new-mineral-tax-kazakhstan-will-drive-higher-uranium-prices

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